In this article, we will be looking at 5 stocks to buy now according to billionaire Howard Marks. If you want to see our detailed analysis of Mark’s history and hedge fund performance, go directly to the 10 Stocks to Buy Now According to Billionaire Howard Marks.
5. Americold Realty Trust (NYSE:COLD)
Holding Value: $445.56 million
Percentage of 13F portfolio: 5.98%
Number of Hedge Fund Holders: 16
Starting off our list of top 5 stocks to buy now according to Billionaire Howard Marks is Americold Realty Trust (NYSE:COLD), a Real Estate Investment Trust that develops and operates temperature-controlled warehouses. According to its latest 13F filing, Oaktree Capital Management owns 11.77 million shares of the company, valued at $445.56 million.
As of the end of the second quarter, 16 hedge funds from our database held positions in the Americold Realty Trust (NYSE:COLD) worth $530.32 million, compared to the same number of funds holding $804.69 million worth of stock a quarter earlier.
In the second quarter of 2021, Americold Realty Trust (NYSE:COLD) posted funds from operations of $0.15, missing estimates by $0.14. The company garnered $654.71 million in quarterly revenue, beating analysts’ forecasts by $4.92 million. In addition, it lowered its Adjusted Funds From Operations projection for fiscal 2021 to between $1.15 and $1.20 from the previous range of $1.34 to $1.40.
4. Torm PLC (NASDAQ:TRMD)
Holding Value: $ 476.29 million
Percentage of 13F portfolio: 6.39%
Number of Hedge Fund Holders: 6
At the end of June, Oaktree Capital Management reported a position worth $476.29 million consisting of 53.81 million shares of Torm PLC (NASDAQ:TRMD). Apart from Marks, five other hedge funds tracked by Insider Monkey were bullish on Torm PLC (NASDAQ:TRMD) at the end of June, up from four over the last quarter.
Headquartered in London, Torm PLC (NASDAQ:TRMD) deals in the ownership and operation of product tankers, transporting refined and crude oil products around the world. In the second quarter, Torm PLC (NASDAQ: TRMD) posted EPS of $0.04, beating estimates by $0.11, while its revenue of $150.80 million was $57.80 million higher than anticipated.
3. Vistra Corporation (NYSE:VST)
Holding Value: $ 555.32 million
Percentage of 13F portfolio: 7.45%
Number of Hedge Fund Holders: 32
On the third spot among the best stocks to buy now according to billionaire Howard Marks is Vistra Corporation (NYSE:VST), in which the investor holds 29.94 million shares worth $555.32 million. Founded in 1882 and headquartered in Texas, the company deals in electricity supply and power generation and serves approximately 4.5 million commercial, residential and industrial customers.
Vistra Corporation (NYSE: VST) was at the forefront of providing power to its Texas customers during the winter storm Uri in February 2021 and continues its recovery from the huge emergency costs incurred during the storm.
Earlier this month, the company has announced a new $2.0 billion stock buyback program expected to run from November until the end of 2022. To finance the program, Vistra Corporation has announced a private offering of a total of 1.0 million shares of preferred stock at a price of $1,000 per share.
There were a total of 32 hedge funds that held stakes in the Vistra Corporation (NYSE:VST) worth $1.32 billion in aggregate at the end of June, compared to 46 hedge funds holding $1.25 billion worth of shares a quarter earlier.
2. Star Bulk Carriers Corporation (NASDAQ:SBLK)
Holding Value: $ 596.54 million
Percentage of 13F portfolio: 8.01%
Number of Hedge Fund Holders: 24
Then there’s Star Bulk Carriers Corporation (NASDAQ:SBLK), a Greece-base provider of seaborne transportation solutions to the dry bulk cargo sector through its fleet of 128 vessels. According to the latest 13F, Oaktree Capital Management owns 25.99 million shares in the company, valued at $596.54 million.
Star Bulk Carriers Corporation (NASDAQ:SBLK) recorded earnings of $1.26 per share in the second quarter, missing estimates by $0.17. At the same time its revenue of $258.42 inched $1.62 million higher than the consensus. Year-to-date Star Bulk Carriers Corporation (NASDAQ: SBLK)’s stock has surged by 155.38%.
There were 24 funds among those we follow that were bullish on Star Bulk Carriers Corporation (NASDAQ: SBLK) at the end of June, up by eleven over the quarter. Additionally, the total value of these funds’ holdings increased from $692.20 million to $862.82 million.
Investment management firm Massif Capital mentioned Star Bulk Carriers Corporation (NASDAQ: SBLK) in its third-quarter investor letter:
“We initiated one long position, one short position and exited one position during the third quarter. Our new long position was in Star Bulk Carriers (SBLK), a pure-play dry bulk operator with roughly 120 controlled vessels and 14 million tons of combined cargo capacity globally.
SBLK has one of the better management teams in the maritime shipping industry and the lowest cost structure among all dry bulk names. After announcing their new dividend policy in May, SBLK now has one of the best payout structures in shipping. The firm has paid out $0.3 and $0.7 per share in dividends for the first and second quarters of 2021. SBLK will most likely announce a dividend for the third quarter somewhere in the $1.15-$1.25 per
share range, depending on movement in net working capital…” (Click here to see the full text)
1. Chesapeake Energy Corporation (NASDAQ:CHK)
Holding Value: $ 619.88 million
Percentage of 13F portfolio: 8.32%
Number of Hedge Fund Holders: 43
Last but not least, Chesapeake Energy Corporation (NASDAQ:CHK) ranks on the top spot in our list of best stocks to buy now according to billionaire Howard Marks. As of the end of June, Oaktree Capital Management owns 11.94 million shares of the company worth $619.87 million.
Including Howard Marks, 43 hedge funds in our database reported ownership of Chesapeake Energy Corporation (NASDAQ CHK) in the latest round of 13F filings, up from 42 in the previous quarter. The total holdings of these funds are worth $1.91 billion as of the end of June.
In the second quarter of 2021, Chesapeake Energy Corporation (NASDAQ: CHK) posted EPS of $1.64, beating estimates by $0.46. Revenue for the quarter stood at $892.00 million, topping analysts’ forecasts by $150.53 million. The company has recently appointed its CFO Domenic Dell’Osso as its CEO.
You can also take a peek at the 10 High Yield Dividend Champions and 10 Reddit’s WallStreetBets Stocks Under $5.
